Dycom Industries to Acquire Power Solutions in $1.95 Billion Deal

TotalEnergies to Acquire SunPower’s Commercial & Industrial Solar Solutions (CIS) Business

February 10, 2022

Energy

TotalEnergies has signed a definitive agreement to purchase SunPower’s Commercial & Industrial Solutions (CIS) business for $250 million, including a $60 million earn-out subject to regulatory developments. The deal is expected to close in early Q2, while SunPower will refocus on its high-growth residential solar services.

Hubbell Acquires DMC Power for $825 Million

August 12, 2025

Industrial Services

Hubbell Incorporated has entered into a definitive agreement to acquire DMC Power, a provider of connectors and tooling for utility substation and transmission markets, for $825 million in cash, subject to customary adjustments. The deal is expected to close by the end of 2025 following regulatory approvals, and Hubbell plans to finance it with a combination of cash on hand and debt.

Concentric, LLC Acquires Communication Power Solutions, Inc.

August 15, 2024

Electrical Services

Concentric, LLC has acquired Communication Power Solutions (CPS), a Southwest U.S. provider of DC power design, installation and maintenance for communications and data center customers. The deal expands Concentric’s footprint in the Southwest and strengthens its engineered DC power capabilities by integrating CPS’s technicians and design team.

Sensata Technologies Acquires Dynapower Company LLC from Pfingsten Partners

July 13, 2022

Industrial Services

Sensata Technologies agreed to acquire Dynapower Company LLC, an energy storage and power conversion systems provider, from private equity firm Pfingsten Partners for $580 million in cash. The transaction closed on July 12, 2022.

Eaton Acquires Royal Power Solutions from Industrial Growth Partners

January 5, 2022

Manufacturing

Eaton has acquired Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components, from Industrial Growth Partners for $600 million. The acquisition strengthens Eaton's position in electrification end markets (e.g., eMobility, energy management and industrial markets) and adds manufacturing capacity and product capabilities.

Kodiak Gas Services to Acquire Distributed Power Solutions in $675 Million Deal

February 9, 2026

Industrial Services

Kodiak Gas Services entered into a definitive agreement to acquire Distributed Power Solutions (DPS) in an equity-and-cash transaction valued at approximately $675 million, subject to customary adjustments. Kodiak will pay $575 million in cash and issue 2,401,278 shares of Kodiak common stock (valued at roughly $100 million), with closing expected in early April 2026 subject to regulatory approvals and other conditions.